Trader: Bitcoin to Collapse Under $3,000 due to Massive Sell-off

Anthony Grisanti, ex-trader at Bear Stearns and analyst at CNBC, believes the Bitcoin price could drop to $3,000, leading to a massive sale of BTC and a further fall in price.

According to Grisanti, the $3,000 mark represents a real “weakness” in the market. If the BTC price drops to this level, investors can begin to massively liquidate crypto assets, and in the end, the price will fall even lower.

Grisanti is sure that sooner or later the price of BTC will collapse. The recent market downturn is confirmation that investors are closing their positions and fleeing the market. The trader himself believes that the ideal price for selling Bitcoin is $3,800.